Question: Hi, can help to solve this Question ? A particular insurance policy charges every subscriber a premium of $1,000. Suppose 0.2% of subscribers make claims
Hi, can help to solve this Question ?
A particular insurance policy charges every subscriber a premium of $1,000.
Suppose 0.2% of subscribers make claims of $100,000 each, and 1% of subscribers make claims of $10,000 each.
The rest of the subscribers do not make any claims. What is the average gain of the insurance company per subscriber?
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